Monday, October 22, 2012

Real Estate Has Officially Bottomed Out

$100K PRICE DROP! 107 S 19th St in San Jose $999,000. This home is an impressive 4,400 SF property built with multiple families in mind. It sits on a 17,000+ SF lot and has 9 bedrooms, 6 bathrooms, and 2 kitchens! Ideal for extended families, combination live/work arrangements, or numerous rental income opportunities included assisted living. Email me for more details or to arrange a private showing.

In Contract:
4974 Bel Canto Dr, San Jose $815,000 – Wasn’t the highest offer!

INTERESTING READ: September home prices jump as Bay Area housing market shows strength
Single-family home prices continued to jump in the Bay Area in September, with the numbers suggesting the "move-up" buyer is back, the latest sign of the market's strength. The region saw double-digit price

MUST READ #2: First-time homebuyers shut out in California
The number of homes for sale in the state has declined 40% to 50% since last year, particularly in lower price ranges. Nationwide, most cities have fewer homes for sale. We’ve written several times about how surprised would-be homebuyers are when they set out expecting to find a great deal on a house and then realize how hard it is to find any houses for sale at all, especially in the


  • Every property had a minimum of 3 offers, the most was over 20 offers.
  • Got an offer accepted in a multiple offer situation that was not the highest price.
  • Navigated some tricky financing for a buyer to ensure my seller sold their home.

Know someone moving to Silicon Valley? Let me make some neighborhood choices! I know it is hard to concentrate on just a couple neighborhoods, but I can help!! Fill out this
form telling me what you need, want and wish and I will give you the names of the neighborhoods or areas that fit best for you so your search parameters are smaller, and easier to research. You are less likely to miss your perfect home! Start now or forward to your family, friend or co-worker moving into the area that I know best.

To get the most current price on your home just call me directly or visit my website and click on the “Free Analysis” button.

If you are at all considering selling property in the next 24 months talk to me about your goals.  I will make suggestions that pay my commission.

My buyers WIN in multiple offer situations! Be a hero and forward this email to your friends who are struggling to get their offers accepted.

FORECAST: There are 2-3 times the number of buyers than sellers, so finding a buyer for your well-priced home is easier today than it has been for the past 3 years! It’s also a great time get into your first property or move up to a larger property. People’s sentiments about the economy are improving, so the trend will likely continue, but there is no way to know for how long.


The chart below shows that cities east of highway 880 are still experiencing a very high demand for housing.

For Comparison: Sales in the cities west of highway 880 are slowing down slightly.

The table represents aggregated values based on MLS data for the specified date.

As always I welcome referrals from friends, co-workers or family members looking to buy a piece of property.  I am also happy to provide unbiased sound advice at any time. You can rely on my integrity and follow-through.

* Mortgage rates were collected from publicly available sources ( on the date stated. The accuracy of the information and the availability of these rates are not guaranteed by the publisher. Rates are provided for informational purposes only and are subject to change without notice. Actual market interest rates may vary.

Applying Cutting Edge Systems and Strategies to Find the RIGHT Buyer or Seller in ANY Market.

Warm regards,
Nathan Nahouraii
Direct: (408) 404-6444
Direct: (415) 236-3826
Direct: (650) 352-5322